Buy Setup
Trend-following price correction into a rising 20-period moving average.
Breakout
Time-based consolidation near the high before continuation.
The 123
A secondary entry after the initial upward move has already ignited.
Climactic Buy Setup
A counter-trend reversal attempt at the point of downside exhaustion.
Read the move first.
Price or time
James describes stocks as correcting through price or through time. Identify which kind of correction is developing before matching a pattern.
After a gap
These are patterns he scans for inside stocks that gap. The gap and broader market context remain part of the setup.
Momentum and movement
A gap can create the momentum and price movement these intraday patterns need to develop and potentially follow through.
Not the strategy
A recognizable pattern is one component inside a complete strategy, not a standalone reason to enter a trade.